This is a thread to talk about anything political, the title is a joke

I'll start with the Nato Summit in my country

Quote:

NATO seeks missile defence agreement with Russia

Earlier, during the NATO summit, Obama said the most important thing he could do for the European economy was to promote growth and jobs in the United States, saying that the quicker the US economy recovered, the better it was for all.

NATO leaders agreed on Friday to develop a missile system to protect the territory of all NATO member states in Europe and North America. It will be capable of intercepting long-range missiles fired from the Middle East.

Russia will be invited to be involved in the system when President Dmitry Medvedev meets US President Barack Obama and other NATO leaders at the summit in Portugal, but it remains unclear what role Moscow might play.

The system would be designed to defend against intercontinental ballistic missiles fired from Iran or North Korea, but Russia is reluctant to join a programme that defines Iran as a potential missile threat.

NATO member Turkey also is opposed to identifying Iran, a neighbour and ally, as a possible aggressor. NATO sources said leaders had agreed not to name Iran in a statement that will refer to the missile shield, securing Turkey's support.

NATO Secretary-General Anders Fogh Rasmussen will hope language can be found to satisfy Russia and make the missile defence cooperation possible.

What do you think of this improvement of cooperation between russia and NATO

Good idea, it will cut down on the amount of threads we need to start, and also free up the Hulk smash thread from the political and religious talk that alot of posters are either sick of or uncomfortable with. I think we should sticky this on a temporary basis and see how it works.

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Who is doing the bailing out? Are any of the EU nations really solvent enough to absorb this?

... your knowledge of the European countries is very very low, Ireland is not bankrupt in fact it has much money, the problem is that they have to sell t banks that failed and that incurs debt, and when paying their old debts the markets are asking for irrational interest rates, if it weren't for those stupidly high interest rates based on irrational fears Ireland would not need any type of bailout.

Portugal is next because the markets are irrationally afraid and the rating agencies want to get richer

In fact we have a 750 billion euros (1 trillion dollars) ready to pay any eurozone country that needs a bailout, with a extra 110 billion euros for greece

... your knowledge of the European countries is very very low, Ireland is not bankrupt in fact it has much money, the problem is that they have to sell t banks that failed and that incurs debt, and when paying their old debts the markets are asking for irrational interest rates, if it weren't for those stupidly high interest rates based on irrational fears Ireland would not need any type of bailout.

Portugal is next because the markets are irrationally afraid and the rating agencies want to get richer

In fact we have a 750 billion euros (1 trillion dollars) ready to pay any eurozone country that needs a bailout, with a extra 110 billion euros for greece

How is it interest rates are so bad there? Interest rates here in the US are absurdly low - in fact, I think the Fed is actually trying to get them to move up a bit.

I think that's because we actually have the federal reserve to tell us that they're low. I'm not sure what the equivalent body would be in the EU markets or if their function would even cover the same responsibility.

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Quote:

Originally Posted by ARM3481

Thank goodness Golden handled Rise of the Horde, or it might have started with the tale of the Eredar leaders Archie and Jay being seduced by the power of the Dark Titan Gary while their close friend Lenny fled Argus to escape the corruption.

That's sort of why I was asking... I'm well aware that I don't have intimate knowledge of EU politics, and I figured this community would have educated viewpoints on the matter.

How is it interest rates are so bad there? Interest rates here in the US are absurdly low - in fact, I think the Fed is actually trying to get them to move up a bit.

Some of our interest rates have risen to 10%, it's ridiculous high

Quote:

Originally Posted by Rashid

I think that's because we actually have the federal reserve to tell us that they're low. I'm not sure what the equivalent body would be in the EU markets or if their function would even cover the same responsibility.

We have the ECB (European Central Bank) which is responsible for the Euro and stopping inflation

To answer your original question, Bolvar, it seems like Germany and France are basically propping up the Euro and being used by other (mostly eastern and southern European) states to absorb the fallout of the global recession and prop up the Euro.

To answer your original question, Bolvar, it seems like Germany and France are basically propping up the Euro and being used by other (mostly eastern and southern European) states to absorb the fallout of the global recession and prop up the Euro.

It's not just germany and france everyone is paying for the Euro, even Portugal is going to give 2 billion to ireland and is supposedly next in line for a bailout

Why Europeans Think We're Insane
"It wasn't until I left America that I started to realize how badly the American plutocrat owned media lies to the American people through its disinformation campaign."

__________________There is no creature on earth half so terrifying as a truly just man.

I'm really not making a commentary with that link, just sharing something interesting I found.

Actually, they are, but only in the sense that most international corporations (banks and etc.) are probably more powerful than any single government with the sole exception of China where they take over any corporations that have the potential to destroy them.

Also, in regards to Hitchens, I actually had the chance to see him speak at my University several months ago. Fucking fantastic, and he tore any and all individuals up who were stupid enough to try and pull old propagandist arguments up. Giant asshole, but damn does that man know how to speak/reason.

Actually, they are, but only in the sense that most international corporations (banks and etc.) are probably more powerful than any single government with the sole exception of China where they take over any corporations that have the potential to destroy them.

Also, in regards to Hitchens, I actually had the chance to see him speak at my University several months ago. Fucking fantastic, and he tore any and all individuals up who were stupid enough to try and pull old propagandist arguments up. Giant asshole, but damn does that man know how to speak/reason.

I think the benefits that the banking industry has enjoyed from all these billions of dollars in taxpayer "bailouts" (that have provided no relief to the actual taxpayers) are a clear indication that the banking industry is quite inseparable from the government at this point.

I think the benefits that the banking industry has enjoyed from all these billions of dollars in taxpayer "bailouts" (that have provided no relief to the actual taxpayers) are a clear indication that the banking industry is quite inseparable from the government at this point.